Emma Delta, the investment fund has accepted the terms of the offer requirements for a stake in OPAP, the Greek gambling monopoly. According to sources, this would pave the way for Greece finally being able to complete its first privatization deal as early as May 1.
Athens has to complete the sale to illustrate that it is achieving long term goals set for the sale of state owned assets in order to cut its overall debt. This is one of the requirements under the bailout fund agreement with the European Union and the International Monetary Fund.
The fund is of Czech and Greek origin and is the sole bidder for the 33% shareholdings and management rights for OPAP. The fund had already raised Eur650 million according to officials involved in the sale as related to Reuters.
Another official that has direct involvement in the sale process said that Athens is nearing the completion of the deal for the shareholdings in OPAP.
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